Saturday 17 October 2026
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Nu Holdings Ltd.
Nu Holdings Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $15.8 billion, up 37.0% from fiscal 2024. In the quarter to June 2026, revenue grew 50.3%, EPS grew 69.2%, free cash flow fell 102.2% and total debt rose 105.8%, each against the same quarter a year earlier. Revenue growth for five consecutive years, operating cash flow growth for three.
14.56
0.17
−1.15%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | — | — | — | — | — | 8.75 | 3.26 | 3.39 | 8.06 | 9.01 |
Analyst estimates 2026–2028 Powerpack |
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| High | — | — | — | — | — | 12.24 | 11.83 | 8.87 | 16.15 | 17.84 | |||||
| People | |||||||||||||||
| People | Employees | — | — | — | — | — | 6,068 | 8,000 | 7,686 | 8,716 | 10,027 | ||||
| Revenue/emp, $m | — | — | 0.00 | 0.00 | 0.00 | 0.28 | 0.60 | 1.04 | 1.32 | 1.57 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | — | — | 300 | 554 | 737 | 1,698 | 4,792 | 8,029 | 11,517 | 15,775 | ||||
| Gross margin, % | — | — | 70.33 | 64.98 | 84.54 | 78.37 | 67.70 | 74.63 | 75.39 | 70.97 | |||||
| EBT | — | — | (33) | (129) | (193) | (170) | (309) | 1,539 | 2,795 | 3,868 | |||||
| EBT margin, % | — | — | (11.00) | (23.29) | (26.21) | (10.02) | (6.45) | 19.17 | 24.27 | 24.52 | |||||
| Net income | — | — | (29) | (93) | (171) | (165) | (365) | 1,031 | 1,972 | 2,872 | |||||
| Depreciation | — | — | 1 | 5 | 7 | 17 | 36 | 63 | 77 | 98 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | — | — | 1.64 | 2.92 | 0.56 | 1.06 | 1.02 | 1.69 | 2.40 | 3.26 | ||||
| Earnings | — | — | (0.16) | (0.49) | (0.13) | (0.10) | (0.08) | 0.22 | 0.41 | 0.59 | |||||
| Cash flow | — | — | 3.30 | 10.68 | 0.74 | (1.83) | 0.16 | 0.27 | 0.50 | 0.72 | |||||
| Capex | — | — | 0.00 | 0.00 | (0.01) | (0.02) | (0.02) | (0.04) | (0.04) | (0.07) | |||||
| Free cash flow | — | — | 3.30 | 10.68 | 0.73 | (1.85) | 0.14 | 0.23 | 0.46 | 0.65 | |||||
| Book value | — | — | 1.62 | 3.22 | 0.33 | 2.77 | 1.05 | 1.35 | 1.60 | 2.34 | |||||
| Shares, m | — | — | 183 | 190 | 1,316 | 1,602 | 4,677 | 4,739 | 4,792 | 4,833 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 36.95 | 24.67 | 28.37 | ||||
| P/S | — | — | 11.88 | 11.88 | 11.88 | 28.33 | 3.47 | 4.80 | 4.31 | 5.13 | |||||
| P/B | — | — | 7.73 | 7.73 | 7.73 | 9.73 | 3.40 | 6.01 | 6.49 | 7.15 | |||||
| EV/Sales | — | — | 7.66 | 7.66 | 7.66 | 23.83 | 2.73 | 4.20 | 3.66 | 4.46 | |||||
| EV/FCF | — | — | 9.58 | 9.58 | 9.58 | (19.66) | 20.37 | 30.98 | 18.97 | 22.25 | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | — | — | 603 | 2,029 | 975 | (2,929) | 756 | 1,266 | 2,399 | 3,500 | ||||
| Capex | — | — | (6) | (5) | (8) | (28) | (114) | (177) | (175) | (341) | |||||
| Free cash flow | — | — | 603 | 2,029 | 967 | (2,957) | 641 | 1,089 | 2,224 | 3,160 | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | — | — | — | — | (3,092) | (5,865) | (10,053) | (14,732) | (14,528) | (17,737) | ||||
| Total debt | — | — | 115 | 322 | 177 | 157 | 586 | 1,136 | 1,730 | 4,398 | |||||
| Net debt | — | — | (264) | (1,187) | (2,167) | (2,548) | (3,587) | (4,787) | (7,455) | (10,605) | |||||
| Shareholders’ equity | — | — | 297 | 612 | 438 | 4,443 | 4,891 | 6,406 | 7,647 | 11,322 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | — | — | (0.61) | (1.95) | (2.03) | (1.10) | (1.46) | 2.81 | 4.23 | 4.60 | ||||
| ROIC | — | — | 0.00 | 0.00 | 0.00 | (5.61) | (14.81) | 59.40 | 910.88 | 337.58 | |||||
| ROE | — | — | (6.38) | (20.46) | (32.66) | (6.76) | (7.81) | 18.24 | 28.06 | 30.25 | |||||
Negative figures in brackets.
Fiscal years to Dec 2025 · latest quarter Jun 2026
Charts ten years each
Nu Holdings Ltd. vs peers in Banks Regional (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| IBN ICICI Bank Limited | $105.7B | 18.5× | — | −3.19% (below 0%: shrinking) | +2.33% (above 0%: growing) | −61.24% (below 0%: shrinking) | 71.06% | 0.00% | Compare |
| USB U.S. Bancorp | $89.4B | 11.3× | 10.9× | +2.26% (above 0%: growing) | +16.16% (above 0%: growing) | +151.96% (above 0%: growing) | 70.62% | 0.00% | Compare |
| PNC The PNC Financial Services Group, Inc | $85.8B | 11.4× | 12.4× | +6.44% (above 0%: growing) | +19.94% (above 0%: growing) | +45.07% (above 0%: growing) | 70.11% | 0.00% | Compare |
| LYG Lloyds Banking Group PLC | $78.4B | 15.5× | — | −67.58% (below 0%: shrinking) | +413.83% (above 0%: growing) | +62.30% (above 0%: growing) | 100.00% | 0.00% | Compare |
| NU Nu Holdings Ltd. | $71.2B | 19.7× | 14.5× | +50.29% (above 0%: growing) | +69.23% (above 0%: growing) | −102.15% (below 0%: shrinking) | 71.77% | 0.00% | |
| NWG NatWest Group plc | $69.2B | 9.9× | 8.4× | +14.08% (above 0%: growing) | +77.78% (above 0%: growing) | −47.36% (below 0%: shrinking) | 59.01% | 0.00% | Compare |
| DB Deutsche Bank Aktiengesellschaft | $61.8B | 7.6× | 8.4× | +5.77% (above 0%: growing) | +160.96% (above 0%: growing) | +127.23% (above 0%: growing) | 57.34% | 0.00% | Compare |
| TFC Truist Financial Corporation | $56.9B | 10.7× | 10.8× | +0.75% (above 0%: growing) | +36.26% (above 0%: growing) | +13.68% (above 0%: growing) | 69.18% | 0.00% | Compare |
| ITUB Itau Unibanco Holding S.A. | $51.3B | 12.0× | — | +9.19% (above 0%: growing) | +25.86% (above 0%: growing) | +584.73% (above 0%: growing) | 46.42% | 0.00% | Compare |
| Median of peers | $73.8B | 11.3× | 10.8× | +4.02% | +31.06% | +53.69% | 69.65% | 0.00% |
Nu Holdings Ltd. (NU) key facts
- Strength: Nu Holdings Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $15.8 billion, up 37.0% from fiscal 2024.
- Nu Holdings Ltd. (NU) is a Banks Regional company in the Financial sector, listed on the New York Stock Exchange.
- As of October 16, 2026, NU traded at $14.56, a market capitalization of $71.2 billion.
- Return on equity was 30.3% and debt-to-equity 0.35.
- Its Piotroski F-score is 6 out of 9 for fiscal 2025.